Cheapest Capitals to Live in Europe (Cost of Living, Real Estate)
Cheapest Capital Cities to Live in Europe
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00:00 Intro
00:30 Tbilisi, Georgia
Tbilisi is not just one of the cheapest capital cities to live in Europe, but also one of the best cities to live in the world when we analyze the cost of living and quality of life relation.
Every aspect of the cost of living in Tbilisi is quite low. That includes renting or buying a property, as well as services, groceries, and even overall tax rates.
Another aspect that is worth mentioning is that staying in Georgia is very cheap.
01:32 Tirana, Albania
The next city is Tirana, the capital of Albania. Albania is an up and coming destination for remote workers and retirees from Europe and North America.
From real estate to services, you can expect to find that everything costs below the average for European capitals in Tirana.
Getting a residence permit in Albania is quite inexpensive and recently the government overhauled its immigration laws, making it easier and cheaper for retirees, digital nomads and real estate owners to reside in Albania.
02:34 Belgrade
Belgrade, the capital and largest city of Serbia is the next option in our list of the cheapest capital cities to live and visit in Europe.
Belgrade is not only the capital of Serbia, but also the largest city in the Balkan region of Europe.
Getting a residence permit to live in Serbia is also affordable, and you can do it by opening a company and working as a freelancer, or by buying real estate in Serbia.
03:28 Sarajevo, Bosnia and Herzegovina
Sarajevo is the capital of Bosnia and Herzegovina.
Prices in Sarajevo are slightly less than other major regional cities like Zagreb and Belgrade.
Bosnia is also not part of the EU, which can be an advantage to some.
Apart from cheap prices, if you decide to settle in Sarajevo, you will pay very little in taxes. The current income tax rate is just 10% for individuals.
The easiest way to get a residence permit in Bosnia is by buying property in the country.
04:18 Sofia, Bulgaria
Sofia is the capital of Bulgaria and the first city in the European Union to make it to our list of the cheapest capital cities to live in Europe.
Despite the fact that Bulgaria is in the European Union, it is neither part of the Schengen area nor part of the eurozone (which includes the countries using the euro currency).
Property prices are especially cheap in Bulgaria. So if you want to buy an apartment at the very heart of an European Union capital, this is the place to do it if your funds are limited.
05:01 Chisinau, Moldova
Chisinau is the capital of Moldova, often ranked as the poorest nation in Europe, although this place is often disputed with Kosovo. It comes as no surprise then, to see that Chisinau made it to the list of the cheapest capitals to visit and live in Europe.
Chisinau is an extremely affordable European city to live in, so is the whole country of Moldova.
05:39 Podgorica
Podgorica, the capital of Montenegro is the last city in today’s video featuring the cheapest capitals to visit and live in Europe.
The capital Podgorica however, is not on the coast, and it is broadly much more affordable than the coast, even though not being very far from it.
Podgorica is a small city, so you cannot expect the flair of a metropolis while strolling around Montenegrin capital. But, if you want to be in a city with good flight connections in Europe, and easy access to embassies and services, Podgorica is definitely a good option.
Getting a residence permit in Montenegro is also quite easy and inexpensive and can be arranged by buying property or opening a company in the country.
06:51 Extra City 1
The first extra city in today’s list is Riga, the capital of Latvia, in the Baltic region of Northeastern Europe.
The reason why I believe Riga deserves a place in this video is because it is the cheapest European capital which is in the Schengen area and also uses the euro as its currency. Being in the Schengen area is definitely an important thing especially if you have a weaker passport, and using the euro brings a high level of stability to any country’s economy.
07:43 Extra City 2
Athens is the last city in today’s video and it is actually an extra city just like Riga, as it is not really among the cheapest European capitals to live in.
One of the cheapest aspects of living in Athens is renting. If you want to live in a developed, large European city, you can definitely find some of the cheapest rental deals in the Greek capital Athens.
Apart from that, getting a residence permit in Greece is not necessarily that cheap, but it will depend on the category of your residence permit. I would call Athens a good deal for retirees, and also with the recent digital nomad visa, it can be a good option for remote workers as well.
